Compute the total and annual returns on the described investment. Six years after buying 200 shares of XYZ stock for $40 per share, you sell the stock for $12,300. The total return is%. (Do not round until the final answer. Then round to one decimal place as needed.)

Compute the total and annual returns on the described investment. Six years after buying 200 shares of XYZ stock for $40 per share, you sell the stock for $12,300. The total return is%. (Do not round until the final answer. Then round to one decimal place as needed.)

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)

7th Edition

ISBN:9780357033609

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter13: Investing In Mutual Funds, Etfs, And Real Estate

Section: Chapter Questions

Problem 7FPE

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Compute the total and annual returns on the described investment.
Six years after buying 200 shares of XYZ stock for $40 per share, you sell the stock for $12,300.
The total return is %.
(Do not round until the final answer. Then round to one decimal place as needed.)

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